2. Auction Venue
Holiday Inn, Hull Marina
Castle Street, Hull HU1 2BX
Transportation To and From Hotel:
Distance: 20 miles south of the hotel Station Name: Hull Train Station
Humberside Airport (HUM) Train
After leaving the airport take the Croxton Road Distance: 0.1 miles to Hotel.
heading for the A18 at the roundabout take the Right at the train station, through 2 sets of traffic
signs for the A15 heading towards the Humber lights move into left lane marked for the Ice
Bridge, over the bridge and take signs for Hull Arena, the hotel is first on the left.
City Centre.
From the M62 join the A63 in to Hull. Left at the
Driving Directions
Distance: 70 miles west of the Hotel. junction signposted for City Centre N/Prospect/St
Leeds/Bradford (LBF)
Follow signs for the M62 east (Hull), join the A63 Stephens then into right lane (signs for Ice
and head for City Centre. Arena/Kingston Park). Cross over A63 then into
left lane and turn into Commercial Road. Take the
first left (opposite The Whittington & Cat pub) into
Hotel's rear car park.
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3. Important Notes for Auction Bidders
These notes and the auction terms and conditions are contained in the auction catalogue and online at www.tusuclum.co.uk.
All potential Buyers and their legal representatives are advised to read them prior to bidding. All reasonable efforts have been
made by the Auctioneer and Vendor to ensure that the properties in this catalogue are described fairly.
Particulars of Sale
Potential buyers should take full responsibility to check and confirm the particulars of the sale and to satisfy their own
requirements regarding the accuracy of all details, measurements, locations, boundaries, leases, searches, photographs, plans
and condition of property. All measurements, areas and distances referred to are approximate.
Guide Prices
Guide prices are intended solely as an indication of the price the vendor is trying to achieve and must not be relied upon by
potential buyers as a valuation. The guide prices are subject to fluctuation prior to auction and interested parties are advised
to confirm the guide price for variations. The final reserve price on any property may exceed or be below the published guide.
Reserve Price
This is the minimum price that is acceptable to the vendor for selling their lot in the auction room. This figure is not published
and is a private agreement between the Auctioneer and the Vendor.
Comparables
Where price comparables and rental incomes are quoted they are believed to be fair but are to be used for guidance only and
their accuracy cannot be guaranteed.
Conditional Auction Terms & Conditions
On the fall of the gavel the Buyer must pay a non-refundable Reservation Fee equivalent to 4% of the sale price (subject to a
minimum of £4,000). Exchange of contracts must occur in 28 days and completion in a further 14 days.
Reservation Fee
Unless otherwise stated, each property is sold subject to a Reservation Fee. This fee does not form part payment of the final
negotiated sale price and is paid to Tusculum Property Auctions by either Banker’s draft, debit or credit card.
Registration
You must complete a Bidders registration and identification form before you will be able to bid. Proof of identification (originals
only, no photocopies) and Solicitors details are required at the time of registration. On the day of the auction you should also
remember to bring with you your catalogue and debit/credit card or banker’s draft.
Remote Bidding
If you are unable to attend the auction, bidding is available remotely by telephone or proxy bid. The Remote Bidding Form is
provided either in the auction catalogue or online at www.tusculum.co.uk.
Sale Agreed
Where a sale is agreed prior to the auction, at the auction or after the auction, auction terms and conditions apply. At this stage
you will be asked to provide a Reservation Fee (4%, subject to a minimum of £4,000) and we will then prepare the
Acknowledgement of Reservation form for you to sign. Vendors may choose to accept an offer prior to the auction and withdraw
the property from the sale. It is recommended that all potential Buyers confirm the specific lot they are interested in is still
included in the auction sale. The Auctioneers or Vendors cannot be held responsible for any costs incurred against lots that are
withdrawn or sold prior.
Amendments to Catalogue
An addendum will be displayed at the auction showing any alterations to the information contained in the catalogue. It is the
Buyer’s responsibility to check this prior to bidding.
What if the lot I want is unsold?
Please make yourselves known to a member of the auction team and register your highest bid and we will contact the vendor
to ask them for their instructions. If your bid is acceptable then we will contact you.
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5. LOT 1 - 78 Essex Street, Hull, HU4 6PR
No. 78 is a mid-terraced 2
bedroom house that has
2 bed investment
recently been fully
property
Essex Street is located to refurbished including
the west of the City Centre central heating, uPVC
and is close to all amenities double glazing, new
including shops, schools kitchen and bathroom.
and good transport links
into Hull City Centre and It is tenanted on an AST at
Hessle. £350pcm.
Guide price: £40k+
LOT 2* - 5 Camden Street, Hull, HU3 3JB
through lounge, kitchen and rear
yard with 2 bedrooms and a
Vacant 2 bed house,
bathroom to the first floor.
ready to move in or to
The property benefits from uPVC
let
Camden Street is located off double glazing, gas central
Airlie Street, off the Boulevard heating and is in a lettable
and has excellent road condition and would rent for c.
connections to both the city £375 pcm.
centre and A63/M62. The area
also offers convenient access to Sold with vacant possession.
local shops and schools.
*Tusculum Property Auctions have an
No. 5 is a mid-terraced property
existing personal interest in this
comprising: entrance hall,
property.
Guide Price: £40-45k
LOT 3 - 51 Mayfield Street, Hull, HU3 1NT
and majority double glazed
house. The property consists
Vacant 4 bed house, ready
of entrance hall, separate
to move in or to let
Mayfield Street is located off living room, kitchen -diner,
Spring Bank and is within bathroom and rear lobby.
walking distance of the city First floor consists of three
centre and St Stephen’s bedrooms. There is a fourth
shopping centre and close to bedroom on the top floor.
local shops and amenities on The property is in a lettable
Princes Avenue. condition and would rent for
c. £475 pcm.
No. 51 is a mid-terraced 4
bedroom, centrally heated Sold with vacant possession.
Guide Price: £55k+
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6. LOT 4 - 23-25 (including 25a) Southcoates Lane, Hull, HU9 3AY
There is also a garage to the
rear.
Mixed use investment
property
This property is situated in a To the first floor is a 2 bedroom
prominent position on the corner flat (25a) and this is currently
of Southcoates Lane and let, along with the garage, on
Newcomen Street and is close to an AST with combined income of
the junction of Holderness Road. £309.83 pcm.
The property comprises a Ground Floor Retail/Office unit
retail/office unit to the ground is currently vacant and is being
floor with 4 consulting rooms, an marketed at a rent of £7,500p.a.
open plan office, staff kitchen
facilities and two toilets.
Guide Price: £80-90k
LOT 5 - 542 Hessle Road, Hull, HU3 5BQ
advertising hoarding on the
gable end and this is let to JC
Mixed use investment
property
Decaux for £700p.a.
542 Hessle Road is well situated
on the corner of Hessle Road There are two one bed flats to
and Brighton Street on one of the first floor and both are
the main arterial routes into the currently let on ASTs at £303.33
city. pcm each.
It consists of a retail unit on the Total Income per Annum:
ground floor that is currently let £12,140.
to CASE Training Services (local
charity) on a 2 year lease for
£4,160 p.a. There is an
Guide Price: £90-100k
LOT 6A - Flat 4, 163 Boulevard, Hull, HU3 3EJ
Flat 4 is a first floor 1 bed
flat and it requires some
1 bed flat requiring
minor refurbishment and
minor refurbishment
The Boulevard runs subject to this the rental
between Anlaby Road and value would be c. £300
Hessle Road with excellent pcm.
road connections giving
access to the City Centre Sold with vacant
and the A63/M62. The possession
area also offers convenient
access to local shops and
schools.
Guide Price: £20-25k
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7. LOT 6B - Flat 5, 163 Boulevard, Hull, HU3 3EJ
Flat 5 is a second floor 1
bed flat and is in lettable
1 bed flat
The Boulevard runs condition and the expected
between Anlaby Road and rental value would be
Hessle Road with excellent c. £300 pcm.
road connections giving
access to the City Centre Sold with vacant
and the A63/M62. The possession
area also offers convenient
access to local shops and
schools.
Guide Price: £20-25k
LOT 7 - 37 Regis Court, Hull, HU9 4TW
The flat benefits from
double glazing and electric
Tenanted 1 bed flat
Situated off Marfleet Lane heating; internally there is
and close to Holderness a good sized living space,
Road offering excellent double bedroom, fitted
access to the City Centre kitchen and bathroom.
and a wide range of local There is one allocated
amenities. parking space.
The block consists of thirty Tenanted on an AST at
leasehold apartments in £303.33 pcm.
total and is in good
general order.
Guide Price £25-30k
LOT 8 - 25 Lorraine Street, Hull, HU8 8EG
floor bathroom. The
property has recently been
Vacant 2 bed house –
fully refurbished including
fully refurbished
Lorraine Street is situated central heating, uPVC
to the east of the City double glazing, new
Centre close to a local kitchen and bathroom. The
primary school and with rental value is c. £370
good road access to the pcm.
main arterial routes.
Sold with vacant
No.25 is an end-terraced 2 possession.
bedroom house with first
Guide Price: £40k +
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8. LOT 9 - 188 Spring Bank, Hull, HU3 1PG
The accommodation comprises a
bedsit and 2 one bedroom flats.
Mixed use investment property
The accommodation is currently
with scope to add value
This property is within walking vacant and requires refurbishment
distance of the City Centre and St throughout. It has the potential to be
Stephen’s shopping centre, with converted into 2 spacious one
primary bus routes along the whole bedroom flats with separate
of Spring Bank. entrances.
The ground floor is a self contained The whole property could achieve a
retail unit currently let as a café at rental income of c.£14,000 p.a.
£6,000 p.a. after refurbishment.
The residential accommodation is
accessed via a rear entrance.
Guide Price: £60-70k
LOT 10 - 486 Southcoates Lane, Hull, HU9 3UB
Ground floor: Entrance hall,
living room, dining room,
Tenanted 3 bed house
Southcoates Lane is located bathroom, kitchen.
handily nearby to Holderness Master bedroom with en
Road amenities and bus suite, 2 further bedrooms.
routes with leisure facilities
available at East Park and the Front garden, rear garden
Woodford Leisure Centre. with vehicle access.
No. 486 is a semi-detached Tenanted on an AST at
house comprising: £500pcm
Guide price: £95-105k
LOT 11 - 31 Cadogan Street, Hull, HU3 3HP
No. 31 is an end-terraced 2
bedroom property that
Tenanted 2 bed house
Cadogan Street is located off benefits from uPVC double
Gordon Street, off the glazing, and gas central
Boulevard and has excellent heating.
road connections to both the
City Centre and A63/M62. Tenanted on an AST at
£303.33pcm.
The area also offers
convenient access to local
shops, schools and is within
walking distance of Hull Royal
Guide Price: £35-40k Infirmary.
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9. LOT 12 - 5 Somerset Avenue, Franklin Street, Hull, HU9 1JD
comprising: Entrance hall, living
room, kitchen with 2 bedrooms
Vacant 2 bed house requiring
and bathroom to the first floor.
refurbishment
Franklin Street is located to the
east of the City Centre off The property requires
Holderness Road. This area refurbishment, however does
benefits from a wide range of benefit from gas central heating
shops and schools whilst also and is partially double glazed.
being less than half a mile from
the city centre. Sold with vacant possession
No. 5 Somerset Avenue is at the
eastern end of Franklin Street
and is an end terrace house
Guide Price: £32k +
END OF SALE
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10. Finance
that won’t cost you the shirt off
your back!
…Fast!
DMI Finance is an independent Mortgage
Brokerage which specialises in arranging
finance within an AUCTION timescale.
We can arrange funding on ALL types
of property including:
Buy-to-Let, Shops, Offices, HMO’s,
Pubs, Land, Developments, and
Non-standard construction
houses and flats.
Please call us now to discuss
your specific requirements.
Tel: 01249 652 939
DMI Finance,
PO Box 3257, Chippenham, SN15 9DH
Tel: 01249 652 939
Fax: 01249 655 788
E-mail: info@dmifinance.com
www.dmifinance.com
11. Bidders Registration and I.D. Form
Please complete the following details in full and in block capitals and provide two forms of identification prior to
bidding as detailed in Lists A & B below. Original documents MUST be provided, photocopies are NOT
acceptable.
If bidding on behalf of a company, and if successful, you will also be required to present a copy of the Certificate
of Incorporation and a letter of authority on company letterheaded paper and signed by a company director prior
to signing the contract.
Bidder:
First name(s) ................................................................... Surname ....................................................................
Address ...............................................................................................................................................................
.....................................................................................................................Postcode ......................................
Tel no ............................................................................... Mobile .....................................................................
Bidder’s solicitor:
Firm ..................................................................... Contact name ......................................................................
Address ...............................................................................................................................................................
.......................................... Postcode ...................................... Tel no ................................................................
Bidder’s signature .................................................................................... Date ............................................
Data Protection: The information that you provide on this form and the identification documentation details
requested are required under the Money Laundering Regulations 2007 for identification and security purposes. The
details may also be supplied to other parties if Tusculum Property Auctions are legally required to do so.
FOR TUSCULUM PROPERTY AUCTIONS OFFICE USE ONLY: Identification documentation seen (one from each list)
LIST A - Photographic evidence of Identity LIST B - Evidence of Residence
Tick Item Ref No Tick Item Ref No
Current signed passport Utility bill issued in the last three
Current full UK/EU photocard driving months (not mobile phone)
licence Recent bank/building
society/mortgage/credit card statement
Valid identity card (e.g. HM Forces,
police warrant/prison officer card, Revenue & Customs tax notification
government/local authority issued card) (current tax year)
Current house/motor insurance
Firearm or shotgun certificate certificate
Resident permit issued by the Home
Recent council tax bill/council rent book
Office to EU Nationals.
Signed ......................................................................................................... Date ............................................
on behalf of Tusculum Property Auctions
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12. Acknowledgement of Reservation Form
This acknowledgement confirms receipt from the buyers Buyers Forename: .......................................................
of a Reservation Fee equivalent to 4% (subject to a
Buyers Surname: .........................................................
minimum of £4,000) of the final negotiated sale price.
This is payable to Tusculum Property Auctions and does Buyers Date of Birth: ....................................................
not form part payment of the purchase consideration.
Address of Buyer: ........................................................
..................................................................................
Date of auction: ...................... Lot Number: ................
..................................................................................
Purchase Price: £ .........................................................
..................................................................................
(.................................................................................
................................................................Pounds) ...........................................................................
Post Code: .................................................................
Calculated Buyers Premium: £.....................................
Phone Number(s):
Address of property: ...................................................
Home: .......................................................................
..................................................................................
Work: ..................................................................
..................................................................................
Mobile: ...............................................................
..................................................................................
.......................................................................... E-mail: ................................................................
Solicitor: ..............................................................
Post Code: ..................................................................
For the attention of: ..............................................
The Reservation Fee is received on a non-refundable Address: ..............................................................
basis and will be forfeited if formal contracts are not
exchanged within twenty-eight days of the date hereof. ..................................................................................
..................................................................................
Should the seller default for any reason the Reservation
Fee is refundable to the purchaser. The buyers declare ...........................................................................
that the information and conditions contained in the
Auction Catalogue are understood and accepted. Post Code: ...........................................................
Phone Number: ...................................................
Signed: ........................................................................................... Date: .......................................................
by the buyer on his/her behalf and on behalf of any principle mentioned above
Signed: ........................................................................................... Date: .......................................................
by Tusculum Property Auctions
Please sign above to indicate that the above information is correct and your acceptance of these terms and conditions.
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13. Remote Bidding Form
Please select method of bidding: TELEPHONE PROXY
I (name) .....................................................instruct Tusculum Property Auctions to bid on my behalf in accordance
with the full terms and conditions shown in the auction catalogue. I confirm I have read, understood and accept
these terms and conditions and will be bound by them should my bid be successful and give the Auctioneers the
authority to sign the Memorandum of Sale/Reservation Form on my behalf.
Conditional Method - I will pay a non refundable reservation fee of 4% of the final negotiated selling price (subject
to a minimum of £4,000) and will exchange contracts within 28 days.
Date of Auction: .................................................................. Lot Number: .........................................................
Address of Lot: ..................................................................................................................................................
............................................................................................................Post Code: ............................................
The Lot is offered for sale under: Conditional Method
Maximum Bid (proxy bidding only) £ ..................................................................................................................
(.............................................................................................................................................................Pounds)
Buyers Information - Full Name/Company Name: ..............................................................................................
Address: ...........................................................................................................................................................
........................................................................................................... Post Code: ............................................
Telephone Numbers:
Home: ..................................... Business: ....................................... Mobile: .....................................................
E-mail address: .................................................................................................................................................
Solicitors Name & Address: ...............................................................................................................................
........................................................................................................... Post Code: ............................................
Telephone Number: ...........................................................................................................................................
Signature: .......................................................................... Print Name: ...........................................................
by the buyer on his/her behalf and on behalf of any principle mentioned above.
Date:........................................
Card Details: ............................................................. Card Number: ...........................................................
Start Date: .........................Expiry Date: .....................
Cardholder Name: .....................................
Issue Number*: ..................Security Code: .................
Card Issuer: Visa: Mastercard: Maestro:
Switch: Visa Delta: Solo:
Credit Card payments are subject to a surcharge of 3% of the total amount payable. American Express is not
accepted. * Switch and Solo Only
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14. Terms and Conditions for Remote Bidding
1. A separate form must be completed for each lot for which a prospective Buyer wishes the Auctioneer to bid.
2. The Auctioneer reserves the right not to bid on behalf of the prospective Buyer should there be any error or confusion in
respect of these instructions or the accompanying Reservation Fee.
3. The completed form or forms must be with Tusulum Property Auctions not less than 48 hours prior to the time of the
commencement of the auction at which the particular property is to be sold. It is your responsibility to ensure the form has
been received.
4. No alteration to any proxy or telephone bidding form will be accepted after it is received by the Auctioneer.
5. The prospective Buyer appoints the Auctioneer as agent and authorises the Auctioneer to bid for the relevant lot on behalf
of the prospective Buyer in such manner as the Auctioneer thinks fit in his absolute discretion.
6. The prospective Buyer shall be considered to have inspected the auction catalogue and the general and separate special
conditions of sale and notices to prospective Buyers for the relevant lot and to have full knowledge thereof and authorises
the Auctioneer or any duly authorised employee of Tusculum Property Auctions as the prospective Buyers agents to sign
the Acknowledgement of Reservation Form.
7. The prospective Buyer authorises the Auctioneer or any duly authorised employee of Tusculum Property Auctions to use the
card details supplied for payment of the Reservation Fee, being 4% of the sale price (subject to a minimum 0f £4,000), if
the prospective Buyer is successful in purchasing the relevant property.
8. The prospective Buyer may in writing only, at any time up to the commencement of the auction in which the particular
lot is to be sold, withdraw the Auctioneer’s authority to bid. It is the prospective Buyers responsibility to ensure that the
Auctioneer personally receives such instructions and he should check to ensure such instructions have been received.
9. The amount of the prospective Buyers bid will not be disclosed to the vendor or any other person either during or after
the sale without the consent of the prospective Buyer.
10. The Auctioneer reserves the right to bid himself or through an agent up to the reserve price for the particular lot.
11. Prospective Buyers are advised to telephone Tusculum Property Auctions on the day of the auction to ensure that there are
no amendments to the particulars of sale or conditions relating to the relevant lot or other matters relating to it. The
prospective Buyer will be deemed to have knowledge of such amendments and will buy subject to them in any event. If the
prospective Buyer does not telephone and such amendments have been made, the Auctioneer may in his absolute
discretion decide not to bid for the relevant lot on the prospective Buyer’s behalf and the Auctioneers will not be responsible
for any loss, costs or damages incurred by the prospective Buyer as a result thereof.
12. Should the prospective Buyer wish to bid at the auction in person or though an agent, such intention must be conveyed in
writing to Tusculum Property Auctions in person prior to the lot being offered for sale. In this case the Auctioneer will not
make any bids on behalf of the prospective Buyer.
13. The Auctioneer will make no charge to prospective Buyers for this service and will accept no liability whatsoever for
any bid not being made on behalf of the prospective Buyers whether through lack of clarity of instructions or for any
other reason whatsoever. The prospective Buyers will be advised if the relevant lot has been successfully purchased on
his behalf as soon as possible after the auction.
14. Prospective Buyers are advised in respect of telephone bids that should they become disconnected during bidding or are
unobtainable, Tusculum Property Auctions will not be held responsible or liable for any loss suffered in respect thereof.
15. The Auctioneer will make no charge as to the prospective Buyer for this service, and will accept no liability whatsoever for
any bid not being made on behalf of the prospective Buyer for any reason whatsoever. Prospective telephone Buyers will
not hold Tusculum Property Auctions liable for any loss or claims relating to the telephone bidding system.
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15. General Terms and Conditions
Conditional auction
Where properties are sold under the conditional terms and conditions all acceptable bids (or when an offer is accepted pre or
post auction) are deemed to be made in accordance with the following arrangements:
1. Where the Auctioneer takes an acceptable offer/bid then subject to these conditions the buyer and seller agree to use their
best endeavours to proceed to a formal exchange of legal contracts within 28 days. The time limit will expire at 1700hrs
on the 28th day following the date of the auction or acceptance of an offer if sold pre or post auction.
2. A non-refundable reservation fee of 4% (subject to a minimum of £4,000) must be paid by the buyer immediately following
the conclusion of the auction, or acceptance of an offer. This must be paid by cleared funds to the Auctioneer who will issue
an Acknowledgment of Reservation.
3. Following the auction and in the 28 day period following the auction or acceptance of the offer (whichever is the later), the
seller agrees as follows:
a) The seller will immediately instruct solicitors to dispatch the contract and accompanying papers to the buyer’s
solicitors and to deal promptly with proposed amendments or variations to the contract and provide answers to enquiries.
b) To give access to the property as may be reasonably be required by any surveyor or valuer appointed by the buyer
for the purpose of surveying and/or valuing the property.
c) No sale contract or details of the title of the property will be sent to anyone other than the buyer’s solicitors.
d) Not to give access to any other person to view the property, nor to negotiate or agree with anyone other than the buyer any
terms for sale of the property.
4. The buyer agrees within two days following the auction or acceptance of offer:
a) To instruct a surveyor and/or accept liability for surveyors’ fees by making a mortgage application.
b) To instruct solicitors to investigate title to the property, negotiate a draft contract for sale, raise enquiries of the seller and
any third parties about the property and do any other work required to enable contracts to be exchanged within the 28 day
period.
5. It is hereby agreed between the parties as follows:
a) The seller has entered into the Agreement because the buyer has given certain commitments as herein mentioned, if the
buyer fails to comply with them strictly in accordance with the timetable this Agreement shall immediately lapse.
b) If the buyer decides not to proceed with the transaction as negotiated he/she shall immediately inform the Seller whereupon
this agreement will lapse. In this event, any Reservation Fee is deemed non refundable.
c) If the seller decides not to proceed with the transaction as negotiated, he or she shall immediately inform the buyer
whereupon this Agreement will lapse and any Reservation Fee paid by the buyer to the Auctioneer will be reimbursed to the
buyer.
6. This agreement is an independent contract and does not bind the Seller or the Buyer to the transaction.
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16. ENTRIES BEING TAKEN NOW
FOR OUR NEXT AUCTION
WEDNESDAY 2ND MARCH 2011
Tel: 01482 409294
Email: enquiries@tusculum.co.uk
Web: www.tusculum.co.uk
